JetBlue, Dollar Tree, Bear Stearns, more

SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are active in Wednesday's session are American Eagle Outfitters, Borders Group Inc. and JetBlue Airways Corp.

Advancers

Donaldson Co.
DCI, -1.66%
shares climbed after the filtration systems provider raised its 2008 earnings forecast to a range of $2.08 to $2.13 a share, above expectations by analysts polled by FactSet Research of $2.09 a share. Its third-quarter earnings were $46 million, or 57 cents a share, up from $40.1 million, or 49 cents a share, last year. Revenue increased to $587.8 million from $484 million. Analysts had forecast earnings of 51 cents on revenue of $537.9 million.

Polo Ralph Lauren Corp.
RL, -0.75%
shares surged to their highest level in nearly two years after the clothing company posted a better-than expected 41% jump in fiscal fourth-quarter. Demand in Europe and other international markets helped offset increased promotions at U.S. department stores. See full story.

American Eagle Outfitters
AEO, -1.66%
shares soared after the clothing retailer's first-quarter earnings came in at $43.9 million , or 21 cents a share, down 44% from last year, but above analyst expectations for earnings of 19 cents a share. Sales rose 4.6% to $640.3 million. Analysts expected revenue of $638 million. American Eagle forecast second-quarter earnings of 28 cents to 30 cents a share, and Wall Street is looking for 29 cents a share.

Decliners

Stock in American International Group Inc.
AIG, -2.06%
dropped. Citigroup analyst Joshua Shanker told clients on Wednesday that the $20 billion in capital raised by AIG may not be enough, as it may have to funnel the capital into its AIG Financial Products subsidiary, a unit that's racked up heavy losses in value of insurance written on complicated debt securities. Read full story.

Archer Daniels Midland Co.
ADM, -1.14%
shares fell. The company plans to offer up to $2 billion in equity units. The offering is composed of 35 million equity units at $50 a unit. Proceeds will be used for general corporate purposes, including repayment of short-term debt and investment in long-term growth.

Bear Stearns Cos.
BSC, -3.18%
lost ground. The Wall Street Journal reported Wednesday that securities regulators investigating the company's fall are examining documents provided by the firm that detail how trading partners cut exposure ahead of its collapse. See full story.

Borders Group Inc.
BGP, +0.00%
slumped following its report that its first-quarter loss from continuing operations narrowed to $31.7 million, or 53 cents a basic share, from $35.9 million, or 50 cents, a year earlier. Revenue fell 1% to $784.7 million. The company also said it launched Borders.com, ending seven years of partnership with Amazon.com. Borders expects the site to break even this year and add to earnings in 2009.

Shares of CBRL Group
CBRL, -1.27%
fell. The restaurant chain reported third-quarter earnings fell to $10.4 million, or 46 cents a share, from $12.3 million, or 45 cents, a year ago. Revenue increased 3.3% to $567 million. CBRL sees 2008 total revenue increasing about 2%, reflecting the projected opening of 17 new Cracker Barrel stores during the year. It expects full-year same-store restaurant sales up 1% to 1.5%.

JetBlue Airways
JBLU, -6.05%
said it plans to defer the purchase of 21 Airbus A320 aircraft by up to five years. "In the face of escalating fuel costs, we believe it is essential to take a more financially conservative approach to managing our business," JetBlue Chief Executive Dave Barger said in a statement. JetBlue said delivery would be moved back to 2014 through 2015, from 2009 through 2011.

SABMiller
BUD, -0.75%
shares declined after the FT Alphaville Web site said the brewer has quietly indicated to InBev (000379310) that it would consider a bid of 22.6 billion pounds ($44.7 billion). SABMiller also is said to want a merger of equals rather than the straight-forward takeover.

US Airways Group's
LCC, +0.99%
shares dropped after Moody's Investors Service changed outlook to negative from positive. "The negative outlook reflects the continued business pressures facing US Airways, primarily due to the impact of higher fuel costs and a weak domestic demand environment," said Moody's in a statement.

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